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Treasurer’s office and METER report portfolio health; $60M moved into treasuries, $117M to mature by year‑end
Summary
County staff and investment adviser METER presented a portfolio and cash-flow review showing roughly $1.1 billion invested, a $60 million shift into longer-term U.S. Treasuries in August, and about $117 million of holdings maturing through the end of the year. Staff said the county expects to avoid selling investments at year‑end.
Cuyahoga County staff and investment adviser METER told the county’s Investment Advisory Committee that the county’s portfolio is in compliance with policy, with roughly $1.1 billion invested and cash-flow plans in place to avoid forced sales at year‑end.
Staff reported that in August the county moved about $60 million from shorter-term cash into longer-term U.S. Treasury securities to lock in higher yields. “We did actually invest extra money in August — about…
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